Mohnish Pabrai - Dalal Street Investment Strategy & Portfolio Analysis
How Dalal Street allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
According to the SEC 13F filed on Aug 13, 2026, Mohnish Pabrai's Dalal Street portfolio reflects a highly concentrated, high-conviction, thematic approach across 4 reported 13F positions as of quarter-end Jun 30, 2026. Portfolio returns are primarily driven by a small set of mega-cap compounders, with the top five holdings accounting for approximately 100% of total exposure and Warrior Met Coal, alone contributing ~43%. Economic outcomes are highly concentrated in a narrow set of basic materials and technology names. Exposure to high-growth and technology-oriented segments remains limited relative to peers, with performance weighted across basic materials and unknown. The portfolio exhibits extremely low turnover, reinforcing a patient, conviction-led investment approach. Distinctive traits include Long-Term Holder, Highly Concentrated, Economically Concentrated.
Investment Style
Value, growth, quality, and behavioral classification from latest 13F holdings.
Primary type: Sector Specialist
Traits: Long-Term Holder, Highly Concentrated, Economically Concentrated
Turnover profile
Buy & Hold
Holding horizon
Long-Term
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is highly concentrated: top three names represent 100.0% of assets, top five 100.0%, and the largest single position is 43.3%.
Top 3 weight
100.0%
Top 5 weight
100.0%
Top 10 weight
100.0%
Largest position
43.3%
Top holdings: Warrior Met Coal, Inc., Transocean, Alpha Metallurgical Resources,, Joint Stock Company Kaspi.kz - — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Basic Materials and Unknown, with 3 sectors represented in the latest filing.
Leading sectors: Basic Materials, Unknown, Technology
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts high single-name risk (largest position 43.3%, top ten 100.0%) and low economic diversification (HHI 0.13). Turnover tolerance maps to a buy & hold profile.
Largest position
43.3%
Top 10 weight
100.0%
Max sector
69.4%
Diversification
Low
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Mar 31, 2026 → Jun 30, 2026
- Position count increased from 3 to 4 (+1 names).
- Quarter-over-quarter portfolio weight turnover: 3.5%.
For trade-level changes, see the Activity page. View activity.
Similar Investors
Peer group with comparable portfolio behavior.
Similar-investor comparisons are coming soon.